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Handling Nonresident Alien Information Reporting Using Forms 1042 and W-8

Feb 23, 2024 by: MY-CPE LLC MY-CPE LLC
Are you prepared to navigate the intricate landscape of IRS requirements, specifically addressing backup withholding for Nonresident Aliens (NRAs)? The IRS is intensifying efforts to alleviate the burden of delinquent taxes. While companies increasingly comply with 1099 reporting, challenges persist in accurately identifying and executing backup withholding for NRAs. This issue of collecting taxes…
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